BidaskClub lowered shares of Hydrogenics (NASDAQ:HYGS) (TSE:HYG) from a buy rating to a hold rating in a research report report published on Saturday morning, BidAskClub reports.

A number of other brokerages have also weighed in on HYGS. HC Wainwright lowered shares of Hydrogenics from a buy rating to a neutral rating in a research report on Friday, June 28th. ValuEngine upgraded Hydrogenics from a buy rating to a strong-buy rating in a research note on Thursday, May 30th. Zacks Investment Research downgraded Hydrogenics from a hold rating to a sell rating in a report on Thursday, August 15th. Canaccord Genuity downgraded Hydrogenics from a buy rating to a hold rating in a report on Friday, June 28th. Finally, Craig Hallum lowered Hydrogenics from a buy rating to a hold rating in a research report on Friday, June 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $10.92.

Shares of NASDAQ HYGS opened at $15.00 on Friday. The company has a market cap of $285.30 million, a price-to-earnings ratio of -17.44 and a beta of 0.66. Hydrogenics has a 12 month low of $3.80 and a 12 month high of $16.50. The stock has a 50-day moving average price of $14.96 and a two-hundred day moving average price of $11.39.

Hydrogenics (NASDAQ:HYGS) (TSE:HYG) last posted its quarterly earnings results on Monday, August 12th. The energy company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.13). The company had revenue of $10.46 million during the quarter, compared to analyst estimates of $10.50 million. Hydrogenics had a negative net margin of 38.16% and a negative return on equity of 71.70%. As a group, equities research analysts forecast that Hydrogenics will post -0.46 EPS for the current year.

A number of large investors have recently bought and sold shares of HYGS. Invesco Ltd. lifted its holdings in shares of Hydrogenics by 345.5% during the second quarter. Invesco Ltd. now owns 340,585 shares of the energy company’s stock worth $5,058,000 after purchasing an additional 264,142 shares during the period. Gabelli Funds LLC bought a new stake in shares of Hydrogenics in the 2nd quarter valued at about $2,180,000. SG Americas Securities LLC bought a new stake in shares of Hydrogenics in the 2nd quarter valued at about $764,000. Renaissance Technologies LLC increased its stake in shares of Hydrogenics by 223.9% in the second quarter. Renaissance Technologies LLC now owns 54,250 shares of the energy company’s stock valued at $806,000 after buying an additional 37,500 shares during the period. Finally, TSP Capital Management Group LLC increased its stake in shares of Hydrogenics by 2.3% in the second quarter. TSP Capital Management Group LLC now owns 1,279,653 shares of the energy company’s stock valued at $19,003,000 after buying an additional 29,050 shares during the period. Institutional investors and hedge funds own 10.44% of the company’s stock.

Hydrogenics Company Profile

Hydrogenics Corporation, together with its subsidiaries, designs, develops, and manufactures hydrogen generation products based on water electrolysis technology; and fuel cell products based on proton exchange membrane (PEM) technology. It operates through two segments, OnSite Generation and Power Systems.

Further Reading: Cash Asset Ratio

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